January 24, 2021  
 
  Entrepreneurial Resources - Advice for Missouri Entrepreneurs  
  Elsberry, Missouri Resources for Entrepreneurs  
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Open a Business in Elsberry, Missouri

Need help starting a business in Elsberry, Missouri? We've got the information you need to open a business in Elsberry.

Elsberry, Missouri Demographic Information

Elsberry has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Elsberry demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Elsberry.

Business Size# of
Businesses
1-4 Employees 151
5-9 Employees 51
10-19 Employees 30
20-49 Employees 6
50-99 Employees 3
100-249 Employees 0
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Elsberry Businesses 241

As a new Elsberry entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Elsberry for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.

Business Type # of
Businesses
Animal (except Poultry) Slaughtering 1
Automotive Parts and Accessories Stores 1
Beauty Salons 1
Child Day Care Services 2
Drinking Places (Alcoholic Beverages) 1
Drywall and Insulation Contractors 1
Elementary and Secondary Schools 1
Freight Transportation Arrangement 1
Full-Service Restaurants 5
Funeral Homes and Funeral Services 1
General Automotive Repair 2
General Freight Trucking, Local 1
Golf Courses and Country Clubs 1
Hardware Stores 1
Homes for the Elderly 1
Insurance Agencies and Brokerages 2
Janitorial Services 1
Land Subdivision 1
Lessors of Other Real Estate Property 1
Libraries and Archives 1
Limited-Service Restaurants 2
Manufactured (Mobile) Home Dealers 1
Marinas 1
Masonry Contractors 2
Nursing Care Facilities 1
Office Administrative Services 1
Offices of Dentists 1
Painting and Wall Covering Contractors 2
Pharmacies and Drug Stores 1
Public Relations Agencies 1
Ready-Mix Concrete Manufacturing 1
Roofing Contractors 1
Site Preparation Contractors 1
Sports and Recreation Instruction 1
Title Abstract and Settlement Offices 1
Veterinary Services 1
Water Supply and Irrigation Systems 1
Wired Telecommunications Carriers 1

Should You Franchise?

As you drive around Elsberry, you'll notice that many local entrepreneurs have gone the franchising route. But is franchising the right option for you?

Our recommendation is that you consider franchising as an option. We have many articles on franchises, such as Before Buying a Franchise. Gain a solid understanding of franchising by scanning all of our Articles on Franchising.

To learn about specific franchise opportunities, check out our Franchise Directory.

Sample franchise opportunities include Zyng and DirectBuy. Alternatively, you can browse franchise categories, such as Candy and Chocolate Franchises and IT Training Franchises.

Note on Elsberry Franchise Opportunities: To find out if a franchise you are interested in is available in Elsberry, you will need to get in direct contact with the franchisor.

Company Formation in Elsberry, Missouri

It's very important that your business is formed as a legal entity that is separate from its owners. Doing so will shield you from personal liability for business debts and obligations.

When forming a company, you will pick from many company types, such as a traditional C-corporation, a Limited Liability Company (LLC), or an S-corporation.

Incorporating is a very popular way to form a business. A key decision is whether to form and S-Corp or a C-Corp, and you also must decide in which state you will incorporate. Just because you are starting a business in Missouri, it doesn't mean you are required to incorporate in Missouri. In fact, you can incorporate in the state of your choosing. However, if you do incorporate in another state, you'll have to register as a foreign corporation in your home state.

There's a lot to know about forming a company. We recommend you read some of the educational articles about company formation that are availabe on our site, such as Company Formation. You may also want to seek the advice of an attorney. On a final note, since you will be starting a business in Elsberry, Missouri, our web page covering Incorporating in Missouri may be a useful resource if you decide to incorporate in Missouri.

Getting Money to Start a Business

Obtaining startup financing for your Elsberry business is a difficult chore. Bootstrapping, which means growing the business without outside funding, is the best alternative, but that's not a viable option for many startup plans.

Take advantage of our many articles on securing funding, such as Business Credit Evaluation.

For Elsberry entrepreneurs who need startup capital, check out our List of Missouri Angel Investors and our List of Missouri Venture Capital Firms.

Promoting Your New Company

To grow your Elsberry business, having an excellent marketing plan is fundamental to your business achieving its goals.

There are myriad resources on this site to help you with your marketing plan. Making the Most of Trade Shows is a good read to get your marketing juices flowing. That's just one of the many useful articles we have on Marketing a Small Business.

Improving Your Entrepreneurial Skillset

Successful entrepreneurs know that what they know now may not be enough to ensure their future success.

Given that you are starting a business in Elsberry, Missouri, you should check out some of the many programs available at nearby Missouri universities, colleges and community colleges. Another way to keep up on your learning is to investigate networking groups or organizations in which Elsberry entrepreneurs get together to network and trade their business experiences.

Never Give Up

You have a dream -- starting a business in Elsberry. To achieve your dream, you have to persevere, even when the odds are against you.

Owning your own business will be a daunting task, but you can do it.

We are here to help Elsberry businesses to be successful. We want to be there for you to answer your business questions, whether you are a new Elsberry entrepreneur who is just getting started or you are already up and running with your new venture.

More Entrepreneurial Resources for Starting a Business in Elsberry, Missouri

Here are more links that we believe will help you be successful in starting a business in Elsberry.

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety